Can growth-enhanced monetary policy improve welfare when people seek social status?
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More about this item
KeywordsWealth-enhanced social status; Production externalities; Cash-in-advance constraint; Monetary policy; O42; E52;
- O42 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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